In August 2023, the persisting economic challenges once again had a significant impact on the automotive sector.

According to the most recent data released by the Pakistan Automotive Manufacturers Association (PAMA), member companies in the automotive industry collectively managed to sell a total of 7,579 vehicles in August 2023. This marked a notable 49% increase in sales compared to the previous month. However, it also represented a substantial 36% decline in sales when compared to the same month of the previous year.

Specifically, the Toyota Indus Motor Company (IMC) reported sales of 1,548 cars, reflecting a 13% month-over-month increase. Honda Atlas Cars Limited (HACL) recorded sales of 674 cars, marking a significant 36% month-over-month increase. Meanwhile, Pak Suzuki Motor Company (PSMC) achieved commendable sales of 4,268 cars, showcasing an impressive 75% increase in monthly sales.

USD to PKR Rate in Pakistan Today: 12th September 2023

Hyundai Nishat Motors Private Limited (HNMPL) sold 778 cars last month, recording a 37% MoM increase in sales. Once again, Tucson remained the company’s front-runner.

The sales of some popular cars are as follows:

Passenger Vehicle Sales
Passenger VehiclesSales in July 2023Sales in August 2023Month-on-Month % Difference
Wagon R24535947%
Toyota IMC
Corolla and Yaris1,0671,1195%
Fortuner and Hilux30142942%
Honda Atlas
Civic and City208492137%
HR-V & BR-V286182-37%
Hyundai Nishat

Experts suggest that the tough times are not over yet, as more production hiccups and price hikes are inbound.

You May Like